Only contingencies that are probable and can be estimated are recorded as a liability and an accrued expense
Indicate whether the statement is true or false
TRUE
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Which of the following is true of transporting goods via railroads?
A) Railroads are ideal for the transportation of digital technology. B) Railroads are a specialized means of shipping petroleum, natural gas, and chemicals from sources to markets. C) Railroads are a cost-effective way to ship large amounts of bulk products over long distances. D) Railroads are the most flexible mode of transportation in their routing and time schedules. E) Railroads are the slowest mode of transportation and are the most affected by the weather.
The direct method of service department cost allocation allows a partial recognition of reciprocal relationships among service departments before assigning costs to revenue-producing areas
Indicate whether the statement is true or false
Change frightens a professional, and he or she avoids it whenever possible
Indicate whether the statement is true or false
Which of the following is true of competency-based plans?
A. These plans are free of biases and judgments. B. These plans eliminate the need to control costs. C. Managers who use these plans focus on placing the right people in the right job. D. These plans maximize flexibility. E. Results of these plans are always reliable and valid.